Virtual Freehold blue-chip supermarket investment in London
Forming part of a uniquely shaped building with a double frontage
Retail unit with ancillary storage arranged over the ground and first floors with a size totalling 5140.89 sq ft
The upper floors are residential and were not included in the sale
Location Description
Canary Wharf is a major business
district located in Tower Hamlets, London.
It is one of London’s two main
financial centres – along with the traditional City of London – and contains
many of the UK’s tallest buildings.
Canary Wharf contains around 14,000,000
square feet (1,300,000 m2) of office and retail space.
Around 105,000 people
work in Canary Wharf and it is home to the world or European headquarters of
numerous major banks, professional services firms and media organisations.
The subject property is located in Poplar which is part of Canary Wharf.
Additional Notes
Let to Tesco Stores Ltd on a 20 FR&I year lease from 30/04/14 (with a tenant’s option to break after 10
years) for £75,000 pa, with 5 yearly rent reviews linked to RPI with caps and collars of 0%-4% per annum.
The property is held on a 999 year lease at a peppercorn rent